The awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members, and have done the most to improve this over the past year.

Equiniti developed RetireMe in response to the way savers have reacted to the new pensions freedoms introduced in April 2015. Since their introduction, £1.8 billion has already been withdrawn from pension funds, and there are genuine concerns that savers could unwittingly draw too much and leave themselves without adequate funds in their later years.

RetireMe, which is available free from the iOS App Store, helps users to understand how long their pension pot will last if they withdraw their desired annual income. The app also enables users to understand the annual income that can be drawn from their pot over their chosen period. Both options take into account fully adjustable investment growth and fund charges.